The Bitcoin bubble that wasn't

Based on a few fundamental variables calculated by using various other variables from the mining network and comparing them to the current price-evolution, my conclusion is that there is no ongoing big bubble in the market. The only bubble I have detected so far, is the mini-bubble indicated in the highlighted circle in the chart based on my calculations.

This mini-bubble has already bursted and is now busy finding it's new equilibrium bottom-price level, which should be between 2900-3400 USD.

I'm concluding with a BUY and HOLD (HODL;) at this current time and level.